💡In brief: It could be a climactic week for rates on multiple levels (the Fed hike, employment reports, banking stresses, etc.). Borrowers needing financing through August should be prepared to lock rates quickly if bond yields spike, although that's not the expectation.
The Fed's likely and
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The unlikely event of a U.S. debt default could lead to double-digit U.S. inflation, unemployment and GDP losses, and interest rates rising "into perpetuity," Treasury Secretary Yellen warned this week.
In essence, an "economic catastrophe."
That not-so-pleasant thought is why American lawmakers almost certainly
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Today's report...
Hana Bank: Low rates. Useful niches
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This & That
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Hana Bank isn't exactly a household name, despite its 42-year history in Canada. But it's a name worth knowing—assuming you're a broker who likes competitive uninsured pricing and flexible underwriting.
Hana is a profitable mid-size Korean bank with $452 billion in global assets.
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Today's report...
1-on-1 with Stephen Poloz: Part I
This is one interview that students of interest rates should not miss.
This & That
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